Global payment network UATP has announced that a portion of WestJet’s payment processing is now being serviced through UATP One Merchant Services. WestJet, an existing UATP Issuer, added UATP One to its product base, utilizing the partnership for acquiring capabilities and enhanced payment processing.
“With UATP One we’ve been able to leverage UATP’s existing integrations to reduce costs, shorten settlement cycles for indirect sales, and expand the payments we can accept,” said Nykol Kroeker, Senior Manager, Treasury Operations, WestJet. “To achieve that without needing to invest in any kind of technical development on our side is incredibly valuable.”
UATP launched its merchant services business earlier this year with the aim of reducing cost and complexity, and to provide full visibility of transaction details in real time for airlines globally. The division has already successfully processed payments for WestJet for several months.
“We created UATP One because we heard repeatedly from airlines that they needed improved services and better pricing to process their payments,” said UATP Vice President, Business Development, Charisse Chisolm. “WestJet has been an exceptional partner in proving the strength of that offering and we look forward to continuing to work with them.”
UATP One provides a wide range of payment solutions and customized reporting capabilities, as well as an indirect credit card processing solution that connects airlines to all 152 billing and settlement plans (BSP). Payment technology provider Nuvei provides support and acquiring services for UATP One.
For more information on UATP One Merchant Services, visit UATP.com.
For more such Updates Log on to https://fintecbuzz.com/ Follow us on Google News Fintech News